Nvidia beats Q3 expectations as data center sales climbs

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Manufacturers Life Insurance Communication The reported 673,495 shares or 0.12% of all its holdings. Rmb Management Lc holds 0.09% or 71,574 shares in its portfolio. In the most recent financial results released by NVIDIA Corporation, for the quarter ending on 2017-07-31, the company posted EPS of 0.92. Also, EVP Robert H. Heath sold 15,000 shares of RPX Corporation stock in a transaction on Thursday, August 31st. Insiders have sold a total of 81,560 shares of company stock valued at $1,030,632 in the last three months. Inc. lifted its holdings in shares of NVIDIA Corporation by 0.7% during the second quarter. The Next Century Growth Investors Llc holds 10,390 shares with $1.50 million value, down from 42,164 last quarter.

The strength in Nvidia's data center in the third quarter comes after a disappointing showing in the previous quarter and on the heels of rival Intel Corp showcasing its strength in the same market two weeks back. It also reduced Ecolab Inc (NYSE:ECL) stake by 3,486 shares and now owns 2,349 shares.

Among 3 analysts covering RPX Corporation (NASDAQ:RPXC), 1 have Buy rating, 1 Sell and 1 Hold. Mizuho maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Monday, October 16. "Riley Boosts NVIDIA Corporation (NVDA) Price Target to $250.00" was originally reported by BBNS and is the sole property of of BBNS. 0 analysts gave its stock an Outperform rating. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. NVIDIA Corporation has a 52 week low of $66.76 and a 52 week high of $212.90. If you are reading this report on another site, it was illegally copied and republished in violation of United States & global copyright legislation. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/11/10/nvidia-corporation-nvda-holdings-trimmed-by-wespac-advisors-socal-llc.html. NVIDIA Corporation (NVDA) now has 600000 shares outstanding, which means that its market capitalization is $123.84B.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Byron sold 409 shares of NVIDIA Corporation stock in a transaction on Friday, September 1st. The shares were sold at an average price of $166.08, for a total value of $18,268,800.00. Aviance Cap Prns Ltd Limited Liability Company owns 4,924 shares for 0.23% of their portfolio. The disclosure for this sale can be found here. $9.23M worth of stock was sold by Shoquist Debora on Tuesday, May 30. $6.47 million worth of stock was sold by COXE TENCH on Thursday, May 11.

NVIDIA Corporation (NASDAQ:NVDA) shares typically trade an average volume of 15450.92 and institutions hold 67.90% of the total shares. The company had a trading volume of 20,954,817 shares, compared to its average volume of 12,970,000. Nvidia Corp. The firm has a market cap of $49.39 billion, a price-to-earnings ratio of 46.824 and a beta of 1.29.

Rolland cheers that even with lofty expectations, Nvidia brought to the market table quite an impressive beat: "Expectations were high... and we have to hand it to them, execution was higher". It is down 19.51% since November 10, 2016 and is uptrending. The computer hardware maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.39. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. RPX Corporation had a net margin of 5.53% and a return on equity of 5.16%.

Nvidia is now guiding fourth quarter revenues at US$2.65bn, plus or minus 2 percentage points, or US$2.6bn - US$2.7bn.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.28%.

NVIDIA Corporation's insider ownership stands at 0.5 percent, while its insider transaction is -27.13 percent. NVIDIA Corporation's dividend payout ratio (DPR) is presently 15.86%.

Nvidia is best known for making graphics processors for PCs and gaming consoles, but has a fast-growing business selling processors for cloud data centers, artificial intelligence applications and self-driving cars. The Firm operates through its subsidiary, Rockland Trust Company. Institutional investors own 88.79% of the company's stock.

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